Question & AnswerQ&A (GSIS Resolution NO. 192)
The purpose of the GSIS-HDMF Credit Facility is to fund housing loans for GSIS members and pensioners.
The approved amount allocated for the GSIS-HDMF Credit Facility is Five Billion Pesos (Php5,000,000,000.00).
The qualified beneficiaries are GSIS members and pensioners seeking housing loans.
The tenor of the housing loans is twenty (20) years.
The loans have an interest rate of 4.75% per annum, payable semi-annually.
Prepayment is allowed without any pretermination penalty.
Repayment is on a bullet payment basis, meaning the principal and interest are payable upon maturity.
Handling fees, application fees, and renewal fees are waived.
Required documents include Clean Documentation, Loan Agreement, Notice of Borrowing, Promissory Note, and other loan documents necessary to operationalize the Credit Facility.
The President and General Manager of GSIS are authorized to execute agreements and undertake necessary acts to implement the Credit Facility.